Gold edged higher in thin trade on Wednesday as Asian stocks eased and following comments by two US Federal Reserve officials that the central bank's economic stimulus could continue for some time. But investor sentiment remained dour as outflows from exchange-traded funds continued and demand failed to pick up even though prices remain near three-year lows, indicating the market is expecting further declines. Spot gold rose 0.23 percent to $1,244.30 an ounce by 0638 GMT, while US gold was little changed at $1,243.90.